Russian Agricultural Bank is a key financial institution in the realization of federal programs on agribusiness development.
In 2012, according to the Russian Government Resolution No. 717 dated July 14, 2012, the State Program on Agribusiness Development and Regulation of Farm Produce, Raw Materials and Foodstuffs Markets for 2013-2020 (State Program) was approved.
In February 2019 an updated version of State Program came into force. It was prolonged till 2025 and includes the following:
The State Program on Agribusiness Development 2013-2025 (State Program) expands the scope and substitutes the State Program on Agribusiness Development 2008-2012 and the National Priority Project on Agribusiness Development 2006-2007.
Agribusiness development remains a priority in the Government’s social and economic policy.
The core goals of the State Program are as follows:
Russian Agricultural Bank’s strategy is consistent with the State Program, which provides measures for the integrated development of agribusiness and related sectors.
In 2008-2012, Russian Agricultural Bank extended over RUB 1.7 trillion to implement the State Program on Agribusiness Development 2008-2012.
Starting 2013 and as of 1 January 2020, RusAg has extended circa 3.4 million loans for the total amount of RUB 6.3 trillion, including:
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